Company News
Direct Line faces £30m bill for overcharging customers
UK insurer Direct Line has agreed with regulators to review overcharging of existing motor and home policyholders in a move that could cost it £30m to fix.
Director dealings: Hiscox CEO invests; Coca-Cola HBC counsel exercises, sells options
Hiscox was among those on the list of director buys on Friday, after its chief executive officer added to his holding.
Totally warns shareholders of 'challenging' NHS environment
Healthcare contractor Totally said in an update on Friday that it was currently operating in a “challenging environment” due to the ongoing crisis in the NHS.
EnSilica signs $2.4m contract with existing customer
Application-specific integrated circuit (ASIC) producer EnSilica confirmed a new contract worth around $2. 4m on Friday, with a Europe-based existing customer.
Libertine warns of possibly falling short this year as projects conclude
Linear generator technology developer Libertine Holdings updated the market on its trading and operations on Friday, reporting that its grant-funded development project in collaboration with Mahle Powertrain and the Department for Business, Energy and Industrial Strategy (BEIS) had finished.
One Media iP renews music distribution partnership
Digital media content specialist One Media iP Group announced the renewal of its partnership with its music distribution company on Friday.
Kibo subsidiary MED extends joint venture agreement due date
Kibo Energy announced on Friday that its UK-based subsidiary Mast Energy Developments (MED) has extended the long-stop date for the completion of its first definitive and binding joint venture agreement (JVA).
Shell sells home energy business in UK, Germany to Octopus Energy
Oil giant Shell said on Friday that it has agreed to sell its home energy business in the UK and Germany to Octopus Energy.
Frasers Group lifts stake in Asos
Mike Ashley’s Frasers Group upped its stake in online fashion retailer Asos on Friday.
Johnson Matthey shares surge as Standard Industries doubles stake to 10%
Shares in Johnson Matthey jumped 12% on Friday after Standard Industries nearly doubled its shareholding in the specialty chemicals group to over 10%.
Genuit appoints Tim Pullen as interim CFO
Genuit said on Friday that it has appointed Tim Pullen as interim chief financial officer from 4 September.
Next spends £128m to raise stake in Reiss to 72%
Next is spending £128m to buy a further 21% stake in premium high street retailer Reiss despite recent reports it was considering selling its investment.
Johnson Service Group buys Ireland-based Celtic Linen
Johnson Service Group announced the acquisition on Friday of Harkglade and its subsidiaries, Celtic Linen and Millbrook Linen, collectively known as Celtic Linen.
CentralNic buys LA-based Adrenalads for $2.35m
Internet specialist CentralNic announced the acquisition of Los Angeles-based Adrenalads on Friday, for cash consideration of $2. 35m.
Mike Ashley's Frasers Group lifts stake in Boohoo again
Mike Ashley’s Frasers Group lifted its stake in Boohoo again on Friday, from 9. 1% to 10. 4%, having upped it from 7. 8% a day earlier.
Lords Group beefs up South East network with timber retailer Alloway
UK building materials group Lords is to buy the family-run timber and building supplies company Alloway Timber for £2. 25m.
Superdry revenue rises, but margins narrow on wholesale struggles
Fashion retailer Superdry reported a mixed performance in its full-year results on Friday, with group revenue increasing 2. 1% to £622. 5m, as the brand continued its recovery efforts.
Renold snaps up Australian chain maker Davidson for £3.1m
Renold, the AIM-listed supplier of industrial chains, has announced it is spending AU$6m (£3. 1m) to buy Melbourne-based high-quality conveyor chain (CVC) maker Davidson Chain.
Accsys shares tank after profit warning
Shares in Accsys Technologies plummeted on Friday after the high-performance wood products group delivered a profit warning on the back of weakness from construction markets in the UK, Europe and North America.
Japan considering GSK's Nucala drug for sinusitis treatment
Japanese regulators are reviewing a new drug application for GSK's Nucala treatment to be used for the treatment of form of adult sinusitis, the biopharma giant announced on Friday.